Risk Assessment For Insurance Companies Almost everybody has a car these days. Its a necessary tool for most of us, to get to school or work, to buy groceries and run errands, and just to simply fulfill the needs of everyday life. Because you use it so often it is also more likely that eventually you will get into an accident of some sort. This is why you have insurance, it guards against events that might incapacitate you financially...more
Error Omission Insurance-3 Frequently Asked Questions What is error omission insurance? It covers a business when it is sued because they failed to meet expectations. This is a huge assistance, because in many instances lawsuits can require you to pay a huge sum of money, rightly or wrongly. Therefore, having coverage is very important. Here are three frequently asked questions about the topic: #1) What kind of businesses should get...more
The global economic crisis has hit everyone and businesses everywhere are finding it difficult to keep their heads above water. The credit crunch has also affected insurance for commercial properties. The property market in general has suffered in difficult economic times as property prices have dropped considerably. There is a direct link between the value of a property and property insurance, as the demand for commercial properties falls so investors are selling their portfolios and this further upsets the insurance market. In spite of the credit crunch, people still own commercial property and therefore still need commercial property insurance.The type of insurance that people need for commercial prosperities depends on whether the property is being let to a business or whether it is residential property let to a tenant. If you have tenants living in your properties then you should have landlord insurance. As a landlord you will have to take out building insurance on properties that you rent out as this is your responsibility and not the responsibility of the tenant.Your insurance should be enough to cover the potential rebuilding of the property should something untoward happen...more
If you run a haulage company then you will need a good deal of insurance to keep it running properly. It is essential that you get the right kind of policy for your business vehicles, whether your company vehicles are small vans or three and a half ton lorries, they need to be properly insured along with the premises from which you run your...more
As a business owner there are all kinds of worries when it comes to protecting your business assets. You might have commercial vehicles that are on the road if you are a service business, or you might be working out of your home and have customers who visit your property occasionally. Commercial legal expenses, public product liability and...more
Many businesses think they should just get the minimum insurance cover required by law, when they are first starting their business, but that might not be the most prudent way to think. You need to get adequate protection for your assets because a growing company can have additional risks to think about. For that reason, businesses need commercial insurance to cover more than the minimum insurance requirements of public liability and employers' liability. You need to think about the proper insurance for property and buildings, business assets and equipment, which is known as contents cover and you might want to think about things like business interruption insurance or loss of business.When you think about the minimum business insurance required by law, it deals primarily with liability protections, in the event a customer or client gets injured or an employee gets injured or causes damage. This is certainly a necessary part of business asset protection and it is required by law in the UK. There are other things that can happen to your business assets and personal assets, including a break-in, fire or flood and these are things you have to think about, when it comes to the proper...more
When you are starting your business, you might not have to worry about too many assets, but it is important that you assess your insurance needs on a regular basis.While many business owners will get the required general public liability or...more
When you consider the wide range of products and services that are available to help you manage business risks, it might seem like more practical advice and information than you think you might need.The thing to keep in mind is that your personal...more
When you are operating your own business, it is important that you protect yourself and your company from lawsuits and natural disasters that might occur. Because your business might be growing, it is important that you have the proper commercial...more
When you own a business, it is likely that you have a lot invested, either monetarily or in hard work or maybe, both. If you deal with the public, you always have to be worried if it is all at risk, unless you have the adequate commercial cover to...more
When you have a growing business, it is important that you consider the amount of commercial cover you have, on an annual basis, at least. It might be more important to analyse your needs more frequently, if you have experienced a jump in the worth...more
No matter what kind of business you are in, you need to have the proper insurance cover.Depending upon the kind of business you have, you may be in need of and construction or trade, insurance, shop, pub and/or restaurant insurance, office insurance,...more